How Much Bitcoin Do You Need To Retire? How Much XRP?
A common video title is "How much "coin" do you need to retire".
Or, the other way around:
"Get 10 bitcoin to retire"
"Get 1 bitcoin to retire"
"Get 0.1 bitcoin to retire"
"Get 1000 sats to retire" - ok, we aren't there yet.
Unfortunately, there is a real problem answering this question, or rather several problems
The amount of dollars to retire is going up with inflation and lack of yield.
What is retirement? The definition is changing as we speak
When do you want to retire?
There will come a point where you cannot buy food. So, no matter how much money you have, you can't retire
A million dollars to retire
This has been the goal for people looking to retire for a long time.
Unfortunately, it is closer to 2.5 million now.
But, if we took the one million dollar number as our goal, then we can easily compute when your crypto portfolio will reach that number.
If you had 1.0 bitcoin, you can retire later this year, or in about four years.
If you had 350,000 XRP, you would be retired now. And, you cold have gotten this much buying between 1¢ and 22¢ easily… and then held onto it for eight years.
The thing is, we have only just begun crypto adoption. The price of cryptos is about to explode. And so, it isn't an amount of bitcoin you need, it is an amount of time you need. 10,000 satoshis will provide for retirement, at some point.
What does retirement mean to you?
Well, retirement used to mean working 40 years at something you hated, and then getting a pension. 40 years of assembling cars or some other manufacturing. And the pension was the price the company was willing to pay to get the old guy out, and a young person in.
Today, retirement means when you have enough capital or passive income to quit working. Or, when you Social inSecurity kicks in.
But, a more accurate definition would be something like: When you no longer have to work for the man. When you could do what you love to do full time. Tell the boss, "Take this job and shoveit"
And, really, if you want to do what you want to do, find the cheapest place to live in, and lower your costs to minimum. There are people living on the interest off $250,000 around the world.
The best way, in my opinion, is to find what you love doing, and work it into such a way that it supports your life. Then this satisfies a lot more than just the money to live life.
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